Fairport in Fifteen – July 2015

Yogi Berra said it best when he stated “It’s déjà vu all over again.” The results are in and in the first two quarters of 2015, the US economy has performed in a similar fashion as in 2013 and in 2014. Per the Atlanta Fed, first quarter GDP declined by .2% while the second quarter is currently estimated to have been a positive 2.4%. Now the question is whether the positive trend in GDP in the second half of the last two years will continue in 2015.